SEC Form 4 · accession 0001170010-18-000173
CARMAX INC · KMX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mohammad Shamim
Officer — SVP and CIO
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 4:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001170010
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 1, 2018 | M | 4,470 | $47.47 | A | 5,797 | D | |
| Common Stock | Oct 1, 2018 | M | 15,782 | $51.63 | A | 21,579 | D | |
| Common Stock | Oct 1, 2018 | M | 13,890 | $58.38 | A | 35,469 | D | |
| Common StockF1 | Oct 1, 2018 | S | 18,993 | $73.86 | D | 16,476 | D | |
| Common StockF2 | Oct 1, 2018 | S | 15,149 | $74.54 | D | 1,327 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $47.47 | Oct 1, 2018 | M | 4,470 | D | — | Sep 26, 2021 | Common Stock | 4,470 | 0 | D |
| Stock Options (Right to Buy)F4 | $51.63 | Oct 1, 2018 | M | 15,782 | D | — | Apr 12, 2023 | Common Stock | 15,782 | 31,564 | D |
| Stock Options (Right to Buy)F5 | $58.38 | Oct 1, 2018 | M | 13,890 | D | — | May 1, 2024 | Common Stock | 13,890 | 41,676 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $73.53 to $73.99. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F2The shares with respect to this transaction were sold at prices ranging from $74.00 to $74.98. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F3The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of September 26, 2015, September 26, 2016, September 26, 2017 and September 26, 2018 and are now fully exercisable.
- F4The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on April 12, 2017 and April 12, 2018 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 12, 2019 and April 12, 2020.
- F5The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on May 1, 2018 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2019, May 1, 2020 and May 1, 2021.